Gate Crypto Flash News and Market Updates

KOSPI 200 (South Korea's benchmark equity index) fell more than 10% intraday on July 29, marking a significant single-day decline in the nation's equity market.

According to Gate trading data, Hong Kong stocks extended gains today, with the Hang Seng Index closing up 1.37% and the tech-focused Nasdaq-100-equivalent index rising 2.2%. Turnover expanded to HKD 173.04 billion. Among individual stocks, EV maker Li Auto surged 10% and Xiaomi climbed over 9%, while semiconductor plays SMIC fell nearly 8%.

Standard Chartered announced mid-year 2026 pre-tax earnings of $4.784 billion, up 9.15% year-over-year. Operating income reached $11.604 billion, representing 6.4% growth. The bank declared an interim dividend of 20.4 US cents per share and initiated a $1 billion share repurchase program.

NXP Semiconductors' U.S. shares (NXPI) fell 3.6% overnight late Thursday after the Dutch chipmaker's third-quarter revenue and profit guidance came below analysts' expectations. The company expects adjusted earnings of $3.89 to $4.32 per share on revenue of $3.65 billion to $3.85 billion, below analyst consensus of $4.03 adjusted EPS on $3.71 billion revenue according to FactSet.

On July 28, Supermicro announced a partnership with Core Scientific to secure up to 2.5 gigawatts of AI data center capacity. Beginning next year, Supermicro will gain access to Core Scientific's infrastructure exceeding 500 megawatts, with potential expansion to the full 2.5GW commitment. Supermicro will also receive warrants to purchase Core Scientific common shares at market price, pending fulfillment of specified commercial conditions. Despite the strategic partnership announcement, Supermic

According to OCBC, on July 29, Bank of Singapore is rolling out HELIOS, its agentic AI platform, across Singapore, Hong Kong, and Dubai to accelerate private-banking account openings. The platform is expected to cut account-opening times to 15 business days from an industry median of approximately six weeks by automating know-your-customer due diligence before relationship managers engage prospective clients. The rollout is scheduled for completion by the third quarter of 2026, with relationship

According to the Financial Times, the Bank of England is investigating rapid growth in Asian stock exposure at London-based investment banks on July 29, with officials concerned about concentrated positions in AI-related semiconductor companies such as SK Hynix and TSMC. Hedge funds and institutional investors are competing to fund companies providing critical infrastructure for Asia's AI chip industry, raising concerns that positions are becoming overly concentrated among a small number of AI-r

According to Onchain Lens, the platform announced a partnership with TxFlowL1, a newly launched Layer 1 blockchain for financial execution, on July 28. TxFlowL1 integrates perpetual futures, spot trading, real-world assets, and prediction markets into a single native liquidity pool. The collaboration includes an invite-only early access trading campaign. The ongoing Trader Royale competition will distribute USDC rewards to participants ranked by cumulative perpetual futures taker volume; the cam

According to ChainCatcher citing DefiLlama data, Fake World Assets, an Ethereum-based random NFT acquisition protocol developed by Token Works, surpassed Aave and Uniswap in daily protocol revenue on its fourth day after relaunching on July 20. The protocol's daily revenue peaked at $447,604 on July 25, with total fees of $1.6 million across approximately 90,000 transactions and 35,000 NFT claims over the four-day period. As of the latest 24-hour snapshot, daily revenue declined to $167,869, pla

According to Zhitong Finance App, the Hang Seng Index rose 1.37%, or 346 points, to 25,657 this morning. The Hang Seng Tech Index gained 2.2%, with morning trading volume reaching 173 billion Hong Kong dollars. Automotive stocks led advances after China's Ministry of Industry and Information Technology accelerated planning for intelligent connected vehicle development under the 15th Five-Year Plan. Li Auto-W (02015) surged 10%, leading blue-chip gainers, while Chery Auto (09973) climbed 6.73%. S

According to IMF Managing Director Kristalina Georgieva on July 29, artificial intelligence can drive economic growth and productivity but will transform work globally. Approximately 40% of jobs worldwide will be affected by AI. The key challenge lies in equipping young people with the necessary skills and adaptability to thrive in this changing landscape.

According to Financial Times, on July 29, Meta CEO Mark Zuckerberg warned that the U.S. should not attempt to gain AI dominance by banning Chinese AI models. He cautioned that top American AI labs could influence regulatory rules through regulatory capture to suppress domestic competitors. Zuckerberg stated that prohibiting U.S. use of China's most advanced AI models "does not really solve the problem."

According to CBS, Canadian visitors to the United States declined 25% in 2025 amid rising political tensions.

According to Gibbs Brand, the U.S. Dollar Index (DXY) is currently trading at 101.32, down 0.09% intraday.

According to Binance, the exchange will adjust the minimum price unit (ticksize) for 7 USDT-margined perpetual futures contracts on July 30 at 14:30 (UTC+8). The contracts affected include TSTUSDT, LSKUSDT, SAHARAUSDT, SUPERUSDT, MOCAUSDT, USUALUSDT, and FOGOUSDT. The adjustment aims to enhance market liquidity and user experience, with no impact on existing orders or trading operations.

According to Odaily, South Korea's Financial Services Commission (FSC) plans to draft a unified Digital Assets Basic Law with the ruling Democratic Party, covering stablecoin issuance and circulation, business rules, exchange access requirements, information disclosure, internal controls, and system resilience standards. The FSC has not yet confirmed submission timing. Meanwhile, the National Assembly's Planning and Finance Committee will review a crypto tax repeal amendment proposed by the oppo

According to Odaily, Grvt announced on July 30, 2026 its token generation event (TGE) details, with airdrop claim functionality opening at 21:00 on the same day. The total airdrop pool is fixed at 280 million GRVT tokens, comprising 100 million from Season 1 and 180 million from Season 2, with all allocations distributed over 12 months. Users who completed registration and selected receiving chains before July 17 will receive their first batch automatically; subsequent users must claim tokens ma

According to ChainCatcher, Robinhood Chain's tokenized stock DEX achieved a seven-day daily average trading volume of $29.7 million, surpassing the combined volumes of Solana's xStocks ($11.1 million) and Backpack Sunrise ($13.4 million), according to Dune data maintained by OKX Web3 Wallet team. The growth was primarily driven by Bankr and long.xyz launching platforms that enabled users to issue meme coins with tokenized stock pairs as liquidity since mid-July, covering over 90 stock codes. Nvi

According to SoSoValue data, Bitcoin spot ETFs saw net outflows of $49.75 million on July 28, marking the fourth consecutive day of net outflows. Grayscale's Bitcoin Mini Trust ETF (BTC) led inflows with $5.08 million, bringing its historical cumulative net inflows to $2.654 billion. BlackRock's IBIT experienced the largest single-day outflow at $54.83 million, though it maintains $60.33 billion in cumulative net inflows.

According to Yonhap Infomax, on July 29, Lee Geon-won, chairman of South Korea's Financial Services Commission, reiterated his position on limiting excessive real estate financing during a parliamentary hearing. Lee stated that while the government supports actual homebuyers, financial resources should flow toward productive economic sectors rather than real estate. He emphasized that excessive real estate financing creates macro-level risks, citing the 2008 global financial crisis as an example